An asset depletion loan lets a borrower qualify for a mortgage by using their liquid assets—such as cash, investments, or retirement funds—instead of (or in addition to) traditional income.

The lender calculates a “monthly income” by dividing eligible assets by a set term (often 84–360 months) and uses that figure for qualification. It’s popular with retirees, high-net-worth individuals, or self-employed borrowers who have substantial assets but limited regular income. Assets must be verifiable, seasoned, and meet lender-specific guidelines.